All Finance articles – Page 503
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NewsCard payments overtake cash as payment technology advances
The amount spent in cash in 2016 fell by 4.9% compared with the previous year said the BRC
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NewsPhilip Ainsworth made marketing director at Pernod Ricard
Ainsworth, who was previously marketing director for Wyborowa vodka, takes over from Patrick Venning…
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NewsMedia Bites 12 July: M&S, PepsiCo, Coke, Aldi
The papers put Marks & Spencer firmly in the spotlight following its first quarter update yesterday. M&S suffered a dip in like-for-like sales in the three months ending in July as it cut back on discounts but overall revenues increased thanks to further food store openings.
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NewsCity snapshot: Tesco to face in-depth phase 2 investigation into £3.7bn Booker merger
The Competition and Markets Authority said this morning that shoppers could face “worse terms” when buying groceries in more than 350 local areas where there is currently an overlap between Tesco shops and Booker-supplied symbol stores. Plus, strong first quarter for B&M Bargains as rising prices drive shoppers into its shops; SSP Group reports soaring sales in the third quarter; and debit card payments overtake cash in the UK
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NewsAdelie Foods enters redundancy talks with 180 staff as it continues recovery
The sandwich maker is proposing to transfer production from its facility in Middlesbrough to other factories within the group, as well as relocating its Midlands distribution centre from Leicester to Tamworth.
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NewsM&S trading update: What the analysts say
M&S shares have fallen 4.7% today despite improving trends in general merchandise and grocery and headline sales growth of 2.7%.
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NewsAldi seeks 4,000 new staff in recruitment drive
The roles are predominantly for store assistants, assistant store managers and deputy store managers
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Analysis & FeaturesHow an ambitious Danish start-up plans to get fmcg brands into China – and why it’s moving to London
Shobr has just secured investment from China and moved its HQ to Mayfair. Now it has its sights on Asia
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NewsCity snapshot: Marks & Spencer’s first quarter like-for-like sales drop 0.5%
Marks & Spencer has reported a 0.5% fall in first quarter like-for-like sales, as the timing of Easter and improved performance in general merchandise led to an improved overall sales performance. Plus, retail sales rise 1.2% last month amid best food sales since 2012, McBride’s annual sales drop 5.9% and all the rest of the latest news from the City
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NewsMedia Bites 11 July: Premier Foods, Retail sales, Co-op Bank
Premier Foods has been criticised by another investor for “a poor regard for shareholder value” in a further sign of the pressure on the company’s board.
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NewsExporters to feast on growth in food and drinks industry after Brexit
The UK food and drink industry is set for strong future growth on the back of global demand for British produce, despite concerns over the impact Brexit could have on staffing levels in the sector, according to an upbeat report by EEF and Santander.
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NewsFood and drinks manufacturing deals slump by a quarter in 2016
M&A activity in the UK food and drinks manufacturing sector slumped last year as the fallout from Brexit squeezed profits and put off buyers, according to a new report.
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NewsNFU cautions over 'constant boom and bust dairy cycle'
Farmgate prices have failed to keep up with record prices for cream and butter at wholesale says union
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NewsThousands of jobs risk being unfilled after Brexit warns report
An FDF-commissioned study found a ‘looming skills gap’ in the industry that apprenticeships are unlikely to fill
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NewsCity snapshot: Consumer spending falls to four-year low
UK consumer spending has fallen to its lowest level in almost four years as rising inflation and stagnant wages have dampened demand for non-essentials items. Plus a look ahead at what’s scheduled on the markets this week and all the latest news from the City.
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NewsMedia Bites 10 July: Nisa, CBI, Lidl, Amazon
Rebel Nisa shopkeepers are plotting to throw out their chief executive over the board’s plan to sell the chain to Sainsbury’s for £130m, writes The Times (£).
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NewsPukka Herbs slips into the red as it invests in growth
Rapidly growing herbal tea brand Pukka Herbs has slipped into the red as it invested in accelerating growth
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NewsSeabrook Crisps extends export reach with Aldi Australia deal
The Yorkshire crisp brand has focused on growing overseas sales since the management team took over in 2015…
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NewsSupermarket inflation hits highest level in four years
Supermarket price inflation has rebounded to its highest level since the end of 2013, new Grocer Price Index figures show
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NewsCity snapshot: OC&C/Grocer Global 50 special
The Grocer today publishes The OC&C/Grocer Global 50 report – the definitive report on the fortunes of world’s largest fmcg companies. Plus all the rest of the latest news from the City this morning.